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spill in u.s. history. in its guilty plea, b.p. said it deeply regrets the loss of life and almost five million barrels of oil that into the gulf. darren gersh reports. >> reporter: justice department officials hope today's settlement and criminal pleas will bring justice to the families of the men who died when the "deepwater horizon" exploded. >> perhaps the greatest tragedy is that the deaths of the 11 men on board the "deepwater horizon" could have been avoided. the explosion of the rig was a disaster that r'sb.tetu cp.f ul b.p.'s culture of privileging profit over prudence. >> reporter: b.p. has agreed to plead guilty to 11 counts of felony manslaughter and one felony count of lying to congress. in addition, two b.p. supervisors on the deepwater rig have been charged with 23 counts of manslaughter. another b.p. executive was charged with lying to congress. b.p. will also pay a record- setting $4 billion in criminal fines and penalties. thrown in with the criminal charges is a civil settlement with the securities and exchange commission. b.p. will pay more than half a billion dollar
is going. but for now, that wraps up our coverage from beijing. i'm james tengan. >>> u.s. leaders have been tracking china's political transition. president barack obama's administration has watched the chinese economy and military grow and has promised to take a tough stance with china on trade and other economic matters. the obama administration has also closely monitored china's disputes with japan and southeast asian nations over the islands in the east and south china seas. senior officials have refused to take sides. the president announced a year ago he will shift his country's focus to the asia-pacific region. he will have a chance to talk more about that plan over the weekend. obama will begin a four-day tour of southeast asia on saturday. he will be visiting thailand and myanmar and will attend the east asia summit in cambodia. the president promised during his re-election campaign to put more pressure on china to make it meet basic international standards with respect to trade. but analysts say despite his plans the world's top economies are tightly woven together and that i
a massive oil spill at daily inched the u.s. coast. --delugedthe u.s. coast. welcome to our viewers on public television in america and around the globe. there are real concerns that the conflict between palestinian militants in gaza and israel could spark a wider conflict in the region. air raid fire sounded in the israeli city of tel aviv as rockets were fired towards it. the assaults underlines the rising tension. >> tonight, sirens sounding across tel aviv. the commercial capital and most populous city now a target for the rockets being fired by militants -- militants in gaza. people to cover bread they could. there were no casualties -- people took cover where they could. there were no casualties. >> i saw a flash of light. 2 kilometers in the direction of the seat. the rocket landed in the seat. >> targeting tel aviv marks a significant escalation of this growing conflict. the body of the man held responsible by his it -- by israel for launching hundreds of rockets from gauze that. -- gaza. at his funeral in gaza city, the military commander was carried to the streets by a noi
clear yesterday that he is open to new ideas. the u.s. cannot afford tax cuts that were passed 10 years ago -- over 10 years ago now. he feels that the most fair way to pick our revenue shortfall is by raising revenue from the very top. >> explained to everyone, if you can. under balsams and, it was predicted that we have -- bowl es-simpson, it was predicted that we would have 16 trillion dollars. even if you have that, why is that ok to have 22 trillion dollars of debt at in 10 years? by the is that considered still a good thing to do? -- why is that considered still a good thing to do it? >> the best capacity is the size of the debt relative to the economy. what the president has proposed is to put us on a path where the debt is stabilized and we are coming down relative to gdp. >> it is still 100% of gdp. >> i would explain a little bit about the numbers. that is the 16 trillion dollar figure that you mentioned earlier. i do nothing that is inappropriate way of measuring our debt. it is not the measure of that that is economic relevant. >> ten or 12? >> closer to 12. >> ok. the unemp
advisers austan goolsbee on how the u.s. can avoid falling off the fiscal cliff. plus we'll take you live to tokyo with japan hit by election fever. the yen is falling as a repeated call for bold monetary easing. and we'll be live in new york 5:45 a.m. for a look at the u.s. retail sector. walmart and target getting set to release third quarter numbers. >>> chig that's ruling com uhe nus party has lifted the curtain. the unveiling seals so s xi jins rise. hu has seeded oig all powers and that's gives china's next leader a strong mandate. eunice has more for us this morning. it sounds like a pretty signature consolidation of power under xi. >> definitely is a consolidation of power. he'll get a very strong mandate as you had mentioned to run this country the way that he wants. he gets the three top titles, the most powerful are party chief, president as well as military commander. that is very significant because it allows him to have more control over his own agenda. when he went to meet the press this morning, he was looking very casual, looking a about folksy. when he was youtd lining t
to an extremely urbanid and mobile population. in the u.s., many urban areas are characterized by diverse cultures, which create a rich ethnic mosaic. oufocus is boston, massachuse, part of a megalopolis located on the northeastern seaboa othe iteds. macaciopulio part of a megalopolis locahave taken root in older seainner-city neighborhoods. in recent decades, these neighborhoods deteriorated, with a downward spiral in infrastructure, services and opportunities. bunow stons bouncing back. with a downward spiral we'll see how relative location to the central business district, or cbd, is important to the development of these neighborhoods-- how so much can ride on their being part of federally-funded enterprise zones and how geographic information systems, or gis, can be used in addressing some difficult urban economic and social issues. boston, massachusetts. once a great port, it's now a world leader in high tech, higher education, bmedicine and finance. but like most u.s. cities, boston lost many jobs and middle-class residents to the suburbs. it's a regional problem-- part of the widening gap b
will testify before the intelligence committee regarding the tax on the u.s. consulate in benefit ghazi on september 11th. that attack left four americans dead including ambassador chris tvens. senator john mccain and other republicans are now calling for a watergate still select committee. >> ambassador chris stevens. >> there is no credibility among methamphetamine of us concerning the administration and the numerous controversies and contradictions that have been involved in their handling of this issue. >> reporter: gop leads are say they would block any attempt to confirm susan rice as the new secretary of state if she is nominated. >> if senator mccain and senator graham want to go after somebody, they should go after me. but for them to go after the u.n. ambassador who had nothing to do with benghazi and was simply making a presentation based on intelligence that she had received is outrageous. >> reporter: it was later discovered the killings were a coordinated terrorist attack. in washington, steve centanni, fox news. fox news. >>> the washington wizards fell to the dallas mave
. today, b.p. pleaded guilty to criminal charges and agreed to pate largest fine in u.s. history more than two years after its drilling operation killed 11 workers and unleashed the largest accidental oil still ever. the deepwater horizon exploded in the gulf of mexico on the night of april captioning sponsored by cbs third with lying to congress. manuel bojorquez is in new orleans with details of what b.p. knew before the explosion. >> reporter: the two former b.p. employees charged with manslaughter were the highest ranking. supervisors on deepwater horizon. they were in charge of the test that signaled grave danger the afternoon of the explosion. the test found signs that combustible gas was seeping into the well. the indictment alleges b.p. managers, robert kaluza, and donald vidrine, failed to call engineers on shore to discuss the abnormal readings. instead, they allowed work on the well to continue. the gas came up the well and exploded. u.s. attorney general eric holder: >> this is an indication, and i hope perhaps a vindication, that we have shown and the company has admitted that
charges and agrees to pay the largest single criminal fine in u.s. history. we examine the legal resolution of the gulf coast spill, two years later. >> suarez: science correspondent miles o'brien asks an age old question. why do we sleep? the answer comes from an unlikely underwater source. >> no, you don't need more sleep? you're getting plenty of sleep right? are you getting plenty of sleep? yes. >> brown: china's new leader will head both the communist party and the military. we assess the change at the top in beijing. >> suarez: and we close with the story of volunteers stepping up to help victims of hurricane sandy in the borough of queens in new york. >> there's people who have been without attention for a long time. some with, some without running water. definitely without power. you know, so as time goes, it gets worse. and i'm afraid if we don't like, really get this situation under control. >> brown: that's all ahead on tonight's "newshour." major funding for the pbs newshour has been provided by: ♪ ♪ moving our economy for 160 years. bnsf, the engine that connect
cap on? the u.s. attorney's office is not opposing the request for the certificate of innocence that he needs for restitution, up to $50,000 for every year locked up. although the judge threw out his conviction, she has remained silent with the court. she said that tribble needs the document. he's jobless and virtually homeless. and&this is a puzzling twist. two other d.c. men who were convicted and exonerated based on hair analysis by the fbi have both received innocence. he's precluded by law from commenting on the pending case. >> we know of three cases where hair analysis is discredited and wrongful convictions in d.c. are there going to be anymore? >> it's possible, brian, and that is because the u.s. attorney's office and the justice department launched an extensive review into the 60s, as we're told, to look at hair analysis cases. back then, the fbi had's view of hair analysis that doesn't work and the dna is proving that and there might be other people sent to prison on hair analysis and that is flawed. >>> the news edge on d.c. and nine members are behind jail tonight.
of trips to afghanistan. she certainly had access to members at all levels of the u.s. military. and so, it's not clear where she got it from. presumably, it's part of the continuing fbi investigation. >> such a crucial question and what about this? you're a member of the cia external advisory. you have top security clearance on some things. she had top security clearance. what does that men in practice? >> paula broadwell was also a reservist in the u.s. army. when she was doing her mission as a reservist, she had access to classified material for that purpose. when you have a clearance, it doesn't mean have you access to all information. she has to have a need to know. certainly as a journalist, she did not have access and her clearance did not apply, so the question is how did she come into possession of this material and even though you may be exposed to classified information, it's a whole different thing to have retained it because you have to have the authority to retain classified information. you have to follow very strict proceed procedures for carrying it. the burden would be on
that remark. 73 minutes later took to the floor of the u.s. senate to respond. >> mr. president, four brave americans died. it has now been eight weeks and the american people have received nothing but contradictory statements from all levels of our government. this president and this administration has either been guilty of colossal incompetence, or engaged in a cover-up, neither of which are acceptable to the american people. >> keeping then honest, more than two months after the deadly attack on the u.s. consulate in benghazi, there are still some serious questions about the timeline of the events and specifically the administration's response in the days and weeks that followed. specifically, why didn't the president call it an act of terrorism? the president said, "it was quote too early to know exactly how this came about. or during an appearance on "the view" on the 25th. when asked, the president said "they were doing an investigation." or even more to the point, how the president described it five days after the attacks. >> putting together the best information that we have availab
in the gaza strip after more deadly attacks. >> a busy day on the hill as lawmakers demand answers on the u.s. consulate in libya. >>> welcome to news 4. a live look outside right now at 5:00 a.m. 43 degrees out there. safe to say keep out the winter coats. no more shoving them in the back of the closet. >> look outside. don't go out there. it is another cold morning. make sure you wear your warmest winter coat. a lot of cloudiness. here's the view from space. cloud cover drifting over the region coming from the south. a disturbance in the carolinas giving us this cloud cover. we're not going to get any precipitation from it. right near freezing much of virginia, maryland. it's still cold, feeling like a december morning. prince gorgeous, my-30s. much of southern maryland, calvert, st. mary's, a rundell, mostly above 40. prince william county, into the shenandoah valley, a few isolated spots there. a little bit below freezing. when the sky is cleared out, western maryland, west virginia, it's into the upper 20s there. a lot of cloudiness. light wind. cold morning. near 50 by midafternoon. sun
graham and john mccain for their comments saying they would block the u.s. ambassador to the united nations susan rice if she is nominated for secretary of state. >> if senator mccain or senator graham and others want to go after somebody, they should go after me. and i'm happy to have that discussion with them. but for them to go after the u.n. ambassador who had nothing to do with benghazi and was simply making a presentation based on intelligence that she had received and to besmirch her reputation is outrageous. >> summer mccain will do whatever it takes to block the nomination. >>> the president also spoke about the fiscal cliff in his news conference. >> jessica doyle is back and this your money report, the latest on the negotiations and high stakes that families will face if we fall off this cliff. >> president obama said he is willing to work with republicans to prevent the automatic spending cuts and tax hikes from taking effect at the start of the new year, but he's standing by his commitment to raise taxes for those making more than $250,000. that's something republican l
that anybody breached the national security in the scandal that's erupted around two top u.s. generals. but the president notes the investigation is still going on. president obama held his first white house news conference of his new term today. reporters asked him whether investigators should have informed the white house about the scandal before the election. >> what i will say is, is that if, um, it is also possible that had we been told, then you would be sitting here asking a question about why were you interfering in a criminal investigation. >> shepard: the president said he thinks it's best if we just wait to get more information about how all of this unfolded. no question it is complicated so here is a bit of a recap of all the cast members and plot twists in this ongoing well soap opera. last week then cia director david petraeus resigned as we learned that he had been sleeping with his biographer paula broadwell. that affair came out after the fbi started investigating paula broadwell for allegedly sending emails to another woman jill kellily a friend of david petraeus fami
but i was - actually it was nixon's visit in 1972/73 that opened up in a sense china to the u.s. they saw it as opening china outward to the broader world and it intrigued me and i said this is going to be big and we need more people to know what's going on between our two societies. >> absolutely and as we are - you were here in the first part of the class and of course where we are in beliefs and believers is we're coming to the end of looking at what we call here and we've had a chance to look at them. but, just from your perspective, how close are we in saying tt in confucianism and taoism it cuts to the core of the family? i think susanna raised a question about the priorities but, how so this family relationships? >> family is at the core, family is the principle metaphor for the whole culture. and even in that little take at the very end he said you take it home and cook it for you family, right? so whatever happens the final sort of reference point is the family. that all relationships are based on family relationships; the father/son, the husband/wife, the brother/broth
unfounded. also, the information stored on servers in the u.s., which opposes legal problems. can it then be used as evidence in german courts? public opinion is divided. >> our privacy keeps shrinking. i do not like it. >> if they are using it as a tool to solve crimes, sure, why not? >> the lower saxony police have found an effective way to use this book is to post links on it to their german-based site, which contains pictures and detailed descriptions. it is a legal work around that could become a national blueprint for digital crime solving. >> christie's has recorded the most successful sale of contemporary art ever, taking in more than $400 million. >> many buyers are increasingly seeing art as a safe investment now. a large-scale sculptures sold for $33.7 million, the highest -- second-highest price ever achieved at an auction by a living artist. coming up after the break, we will be taking a look at china's new leadership. do not go away. >> stick around. >> welcome back. he's just become one of the most powerful men in the world. >> today in beijing, he was named the gen
was in communication with general allen, the top u.s. commander in afghanistan. how did she know him? kelley volunteered to organize social events for senior officers at her home near mcdill air force base in tampa. the e-mails between general allen and kelley are said to be flirtatious and owe tensionally embarrassing but officials with knowledge of the e-mails say they were not sexually ex- police sit and did not offer any evidence of an affair. but, now, general allen's nomination to lead nato is in limbo. >> no one should leap to any conclusions here. general allen is doing an excellent job at isap and leading those forces. he certainly has my continued confidence to lead our forces and continue the fight. but his nomination has been put on hold as a prudent measure until we determine what the facts are. >> reporter: for the first time sin the scandal broke, president obama weighed in on general david petraeus. >> he served this country with great distinction in iraq, in afghanistan and as head of the cia. >> reporter: one lingering question has been whether nag that you will security wa
that the secretary of state hillary clinton will testify before congress about the terror attack on the u.s. consulate. as they report other members of the president's national security team started showing up on capitol hill today. members of the president's national security team, they headed behind closed doors. to answer the lawmakers questions about the deadly attack on the u.s. consulate in libya. and congress, they are trying to piece together what happened before, during, and after the attack that killed the ambassador and three other americans. >> we must have accountability. >> reporter: at the one open hearing, the democrats warned about politicizing the investigation. >> if you want an honest investigation of this tragedy, we will join you. >> reporter: the republican senators john mccain and lindsay graham are calling for a gate-style inquiry into the attacks, combining the resources of both the senate and the house. the gop senators are outraged over the interviews that the u.n. ambassador gave five days after the attack. saying that it did not appear to be pre-planned. >> if
to the u.s. it's possible you could see the end of the arab spring at that conference held at columbus university in 2008. there's a matter of the public diplomacy people coming into the state department are often shunted off into consular work for eight years or whatever, for a long time before the ever get to any public diplomacy were. it's as though you're in the military and call your officers and send them off to, i don't know, do social work and then suddenly brought them back and said now you're in charge of the squadron. well anyway, but -- >> well, thank you, ambassador. and by the way, as far as the arab spring is concerned, i know that i was personally accused by some right wing bloggers having omitted the arab spring but i wish it were true, because of this event. although the event enabled me to do. the thing that was most fun of all of all the things that it did when i was undersecretary, which was that i got to call on the egyptian ambassador. i don't know if you really does, and made them come to my office and dressing gown which is sort of a great thing you can do trad
answers about the terror attack that killed a u.s. ambassador and three other americans in libya. actor head of the cia, michael morel, james clapper and matthew olson among those facing questions. members of the house foreign affairs committee are asking whether officials ignored warnings and request for extra security and whether intelligence con flicked it with the -- conflicted with what the obama officials were saying in the aftermath of the attack. >> i am appalled the administration could not anticipate escalating violence , and then failed to step up security measures to protect our diplomats. furthermore we have seen blunder after bluppedder as the administration avoids responsibility and accountability. the delay tactics are unacceptable. now that we made it past the convenient distraction of an election, i expect to hear some real answers. it is time to fess up. >> democrats warned against jumping to conclusions before knowing all of the facts. some suggest republicans are playing politics with this. >> i am disturbed at some of the political rhetoric i hear. you know, barack
rice denied it, infuriated republicans. lawmakers were briefed on libya. the democrat said theat u.s. intelligence did give her the incorrect intelligence. >> this is something involved -- involving into something militant. >> there had been earlier attacks. the warning from chris stevens the day he died. house republicans hammered the administration reaction. >> the people who stayed here in washington continued to deny additional security and they continue to do away with security that was already there. >> democrats pushed back. >> to lay this at the doorstep of the president or secretary of state or the u.n. ambassador, you will find us ready and willing to resist to the teeth. >> a fight over tragedy that could be calmed by david benghazi to hawent to investigate and will testify tomorrow. he might have [inaudible] erase when he admitted adultery. both sides are likely to except what he reports on libya. >> the fda has uncovered a possible danger related to a very popular five-hour energy shot. you see it on counters almost everywhere. agencies says the drink has been linked to
thought to the findings of the congressional committee on the culpability of jon corzine, the former u.s. senator with respect to the mf global collapse. >> i think it is no surprise that corzine gets all the blame there from republicans. they want to embarrass a guy who's got democratic connections. he was to blame. he made these big bets. the more interesting thing to me is the extent to which it shows that the s.e.c. and the cftc were completely at odds with one another, not in sync, and makes the argument strongly for merging those two. it does make the case more strongly for merging those two agencies. >> thank you very much, ben. we'll talk more about that congressional report in our next half-hour. simon? >>> tyler, in 53 minutes, a major news conference begins in which we're expecting an announcement that bp, british petroleum, is agreeing flou to pay the u.s. government a record fine for the disastrous oil spill in the gulf of mexico. what was it? two years ago. bertha coombs has details. bertha. >> that's right, simon. they will admit guilt and pay the largest fine ever by a u.
no longer hailed as a hero? >>> good morning, everyone, as we come on the air, more breaking news. the u.s. on high alert right now over a possible war escalating in the middle east. overnight, three israelis killed by rockets from the gaza strip. israeli warplanes are hitting dozens of sites in the gaza. all of that follows a dramatic assassination. this is still escalating at this hour. you see the assassination right there. this could be dangerous. >>> another story we're following closer to home, how did a woman steal $50 million to fuel her passion for racehorses? and how did she finally get caught? we'll explain it all. >>> and it was a routine cheerleading stunt gone horribly wrong at an nba game. now, new details on -- >> no, no, no. >> -- a cheerleader's condition. >> oh! >> and people are asking now, is this sport just too dangerous? >> lots of injuries. >>> but first, let's get right to the cia sex scandal and the breaking news overnight about the veteran fbi agent who took the first investigative steps that could lead to the downfall of cia director david petraeus. brian ross h
consulate and killed four americans including u.s. ambassador christopher stevens. both the house and the senate want to know what went wrong, what members of the obama administration knew, what they knew it and why tke th-pbt do more to prevent the attack or respond in time. chief intelligent correspondent catherine herridge is live on capital hill with all of this. catherine the latest. let's start with the testimony of general petraeus and the testimony we just heard about that secretary clinton will attend. >> well, thank you, jenna and good morning. two important developments here on capitol hill. fox' confirmation this morning that the former cia director david petraeus will testify before the house and senate intelligence committees. these will be closed or classified sessions early friday morning, and also confirmation that secretary of state hillary clinton will testify here on the hill and give the read out, or the results of their internal review at the state department about the benghazi attack, and that announcement was made at the house foreign affairs committee a sh
: they will pay in installments over five years but all criminal issues between the u.s. government and bp will be settled. it does not remove the issue of civil penalties which by their most extreme calculations could be $21 billion. i will read you a statement from bp where the chairman of the board said we believe this resolution is in the best interests of bp and its shareholders, it removes two significant legal risks and allows us to vigorously defend the company against the remaining civil claims. keep in mind that bp has booked $31 million in charges against -- because of the disaster in 2010. they will lead $3.58 billion as part of the settlement. they still face the civil possible fine from the environmental portion of the u.s. government over this, $4,300 per barrel, two hundred six million gallons was spilled. in english possibly $21 billion but they hope they can defend themselves against that. two bp employees could face manslaughter charges. dagen: that does surpass the record fine we previously sought by three times. $1.3 billion fine paid by pfizer in 2009 for marketing fr
of the president or representatives of the u.s. government. >> this is a woman who clearly would like to replace secretary of state hillary clinton in that job. no shrinking. she was perfectly able to defend herself. i'm sure she was speaking off the set of talking points. the question is, one of the many questions, did she know when she was speaking that there was contradictory and permission? lou: and it is -- i'm not sure that it is unfair to say that the president and his entire national security team, if you will, are hiding behind the skirts of ambassador rice. >> well, i think the president gave away the game here when he also said in his exasperation with senator mccain that susan rice did not know anything about what happened at benghazi, thus proving the brilliance of the white house strategy at the time their effort was to get past the election, to minimize what actually happened. but -- what better way than to send out susan rice who knows nothing? she can't possibly make a mistake. she can't possibly reveal information inadvertently? think of the risk of putting hillary clinton out
at the president, the news media and each other. tempers flare as congress probes the deadly attack on the u.s. consulate in benghazi, libya. you're about to hear a tape of senator john mccain's contentious exchange with cnn. also, we've seen pictures like this of the benghazi compound on september 11th, but today for the first time lawmakers are seeing surveillance video of the assault that killed the united states ambassador, three other americans. i'll talk to one u.s. senator about what that video shows. and mitt romney's speaking out about his election loss blaming what he calls gifts -- that's a quote, gifts, the president people gave to people who voted for him. i'm wolf blitzer. you're in "the situation room." >>> tempers flaring on capitol hill. senator john mccain lashing out at one of our cnn producers who questioned why he was missing a key hearing on the attack on the u.s. consulate in benghazi, libya. mccain has been a sharp critic of the president and his administration complaining lawmakers are not getting enough information. and when asked why he missed that meeting today, he
the latest developments tonight on news4 at 5:00. >>> unprecedented penalty, bp has agreed to pay a record u.s. fine for the massive oil spill down in the gulf of mexico in a settlement with the justice department. they'll pay $4.5 billion and plead guilty to 14 criminal charges. the government also charged two top bp officers with manslaughter in connection with the 11 people who died onboard the deep water horizon two years ago. jay gray explains why bp could still face more charges. >> reporter: the oil spread for miles after the collapse of the deepwater horizon well, choking away wildlife and crippling communities all along the gulf coast. and today, more than two years after the disaster, we learn the punishment is far-reaching as well. >> this marks both the largest single criminal find, more than $1.25 billion, and the largest total criminal resolution, $4 billion, in the history of the united states. >> reporter: as part of an agreement announced this afternoon in new orleans, bp will plead guilty to 14 felony charges for its role in the worst oil spill in u.s. history. among the most
and unleashed that on your screen, the worst offshore oil spill in u.s. history. shares of bp moving slightly higher today but down 7% this year. let's check out gold, sliding to a one week low acting more like a commodity than a save haven in this volatile market. we talked to george euro on thursday and he said it is not be taking how you think it would for a couple reasons, number one being people don't have enough money to buy gold. when you hear that 60% of the s&p 500 companies are in correction territory i begin to wonder do any of our traders think this is a screaming buy for the markets or are they saying this is a past thing? traders at the stock exchange, cme group and nynex, john cortines, screaming buy or dipping your toe in or standing by? >> you got a special co-host on monday, myself, i am looking forward to that. , and i'm looking forward to the experience. the market does not have enough strength. and other trading days this session. the market runs out of steam. it is not so far today. investors look at this, they see red and the market down. this adds to the negative senti
with the justice department, bp would admit to criminal misconduct and pay what could be the largest penalty in u.s. history, in the billions of dollars. in exchange, the company would be exempt from prosecution. >>> and the end of twinkies could be just hours away. now, everybody, hugs after the show. maker of the snack cakes, as well as wonder bread, as given its striking workers an ultimatum. return to work by 5:00 p.m. today or it will start liquidating the company in bankruptcy court. some 18,000 jobs and the happiness of millions is at stake. >>> finally, a boys' football team in oklahoma just turned the field into a field of dreams for their coach's son. 9-year-old jason smith jr., football fanatic. but he's in a wheelchair because of muscular dystrophy. so, a referee came up with an idea. the other team said okay. put a helmet on jason and push him down the field. >> that's great. >> into the end zone. so, he could score his very first touchdown. thankfully dad, as you can see, rolling somewhat excited on the entire time with his cell phone. congratulations to you, jason. touchdown. >> good
economics. back here in the u.s., reports from walmart and target. at 8:30, we get weekly jobless claims. october consumer price index. and the november empire state survey. in corporate news, bp expected to pay a record u.s. criminal penalty and plead guilty to criminal misconduct in the 2010 deepwater horizon disaster, a plea deal reached with the department of justice reportedly may be announced as soon as today. reuters says bp will plead guilty in exchange for a waiver of future prosecution on the charges. bp says it is in discussions, but no final agreement has been reached yet. >> fun to have you here today. we do hope mr. kernen get better very soon. he's not normally sick. >> he never calls out sick. so he must be really sick. >> i think there's a flu going around. >> convenient for all of us. i took chips out of his bag yesterday and now i'm -- >> who is the guy sitting in his seat? >> can we get some lie sole over here? >> let's get back to the topic dominating the conversation from wall street to washington right now. of course it is the looming fiscal cliff. we have made it
to investigate the attack on the u.s. consulate in benghazi, libya. as susan mcginnis reports, the witness list now includes former cia director david petraeus. >>> reporter: after calls by congressional leadership, former cia director david petraeus will testify before congress tomorrow about the attack on the u.s. consulate in benghazi. >> good luck, sir. >> thank you. >> reporter: petraeus was scheduled to testify today before a house intelligence committee but those plans changed after he resigned following his admission of an affair with his biographer, paula broadwell. benghazi is at the center of another capitol hill battle. senate republicans say they will not accept the nomination of u.n. ambassador susan rice as a replacement for secretary of state hillary clinton. >> we will do whatever is necessary to block the nomination. >> reporter: senators john mccain and lindsey graham say rice was either lying or incompetent when she made this statement five days after the attack. >> we do not have information at present that leads us to conclude that this was premeditated or preplanned. >> r
territory. >> the head of mcdonald's u.s. business is out and jeff stratton will assume that business starting january 1. capped off last month with the first decline in monthly sales in about nine years. we'll begin with a teale of two retailers. walmart, revenues coming in short of forecast. -- as for target, the company posted third quarter earnings well above estimates, says it's poised for a strong fourth quarter, but walmart has some issues here, jim. they're talking countries including but not limited to brazil, china and some others too. >> yeah, i was thinking it bick, not brick. russia has been left out of the equation, foreign corrupt investigation, not a great number here at all. the stock had become a very big institutional favorite. if you recall during the mexican investigation, when "new york times" piece it, the stock was trading between 57 and 58. they were then overridden by a couple of really good, solid quarters. this was not the quarter that anyone was looking for. >> except for those who sold the stock over the last couple of weeks. i mean that stock has started
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